Topic
claims
Finance Insurers tighten focus on motor third-party fraud as losses mount
Non-life insurers in India are intensifying action against motor third-party fraud. Go Digit General Insurance obtained a Madras High Court order for a special investigation team across Tamil Nadu, while insurers raise provisions after a Supreme Court ruling introducing a new compensation head based on Rs 30,000 monthly income.
Logistics Fleet Liability Playbook Shifts From Defense to Proof as Nuclear Verdicts Rise
Zonar CEO Charles Kriete says plaintiff attorneys now subpoena video data daily in discovery. Nuclear verdicts are adding proof as a third competitive variable alongside price and service. Fleets with documented safety programs and video evidence can change their court story.
Commodities E20 Petrol Debate: Indian Government Debunks 7 Claims on Ethanol Blended Fuel, Impact on Mileage and Engines
The Indian government has issued a seven-point clarification refuting 'misleading claims' about E20 petrol, including that pre-2023 vehicles cannot use it and that 30 crore vehicles will become unusable. Minister Nitin Gadkari acknowledged a 2-6% fuel efficiency drop but said no engine failures have been recorded. Automotive companies including Maruti Suzuki and Toyota have voiced support.
Commodities India Minister Puri Defends E20 Biofuel as ARAI Data Shows 2-6% Drop in Fuel Efficiency
Union petroleum minister Hardeep Singh Puri defended the government's E20 ethanol-blending programme, calling misinformation 'rumours' while welcoming constructive criticism. Controlled tests by ARAI and OEMs showed a 2-6% drop in fuel consumption with E20 versus E10. Toyota Kirloskar Motor said damage in a viral video was due to contaminated fuel, not ethanol.
Business New EPFO Portal: Faster Claims, Smarter Processing & More — What Changes for Employees
The Employees' Provident Fund Organisation (EPFO) completed migration to a centralised database, introducing automated claims pre-validation, a unified member dashboard, and faster interest crediting. The new system raises the auto-settlement limit to Rs 5 lakh and enables automatic PF transfers on job change, aiming to reduce claim rejections and improve processing efficiency.
E-Bike Injury Payouts Top £110m, Driving Up Motor Insurance Premiums Across UK
The BBC reports that total compensation paid to people injured by e-scooters and e-bikes in the UK has surpassed £110m, with 168 claims in 2025 alone. The costs have contributed to higher motor insurance premiums for all drivers, prompting the Motor Insurers Bureau to call for better regulation of micromobility vehicles.
Commodities US President Donald Trump orders DOJ probe into petrol price gouging as oil prices fall
President Donald Trump announced Wednesday that he has ordered the Department of Justice to investigate major energy companies for petrol price gouging, accusing them of not cutting pump prices in line with falling crude oil costs. Brent crude has dropped to around $76 a barrel from nearly $120 in May, yet the average US gasoline price remains at $3.90 per gallon, well above pre-conflict levels.
Finance Health Insurance Claims Satisfaction Drops as Unexplained Rejections Rise, Report Finds
According to Policybazaar's 'Is India Happy with Health Insurance Claims? 2.0' report, satisfaction with health insurance claims is moderate at 82.8 out of 100, but a sharp rise in unexplained claim rejections and reliance on reimbursement are eroding consumer trust. 73% of dissatisfied claimants say they were not given a clear reason for rejection, up from 53% in 2023. The report calls on insurers to shift underwriting to onboarding and eliminate vague denial terms.
Business Union Pacific Defends Merger Application Amid AG Criticism
Union Pacific has refuted claims by attorneys general from six states that its merger application with Norfolk Southern lacked necessary information. The company insists the merger will enhance competition and align with U.S. economic policies.